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Investors Continue to Favor
Tech-Heavy Mutual Funds

By

Pui-Wing Tam Staff Reporter of The Wall Street Journal

Updated Feb. 1, 2000 11:59 p.m. ET

Despite a roller-coaster ride that has dragged the technology-heavy Nasdaq Composite Index down 3.17% since Jan. 1, investors have continued to pour money into tech-heavy mutual funds, according to fund-industry executives.

And amid the choppy environment for tech shares, investors continued to shun bond funds and conservative stock-and-bond balanced funds, continuing a several-months pattern.